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Union Bank of India Home Loan Interest Rate

Union Bank of India offers competitive interest rates to individuals planning to purchase a house or flat. The bank sets its home loan interest rates after factoring in the loan amount, credit score, LTV ratio, job profile and home loan variants

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HDFC Bank
Min Loan Amt. ₹15L
Rate of Interest7.2% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
Axis Bank
Min Loan Amt. ₹30L
Rate of Interest8.35% - 11.90%
Tenure uptoUpto 30 Years
Processing Fee₹ 14,000
ICICI Bank
Min Loan Amt. ₹15L
Rate of Interest7.65% - 9.80%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
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Current Home Loan Interest Rates of Union Bank of India

Irrespective of Loan Amount

CIBIL Score LTV Ratio Interest Rates (p.a.) for government/PSU employees
750 and above As per quantum wise LTV norms 7.15%

Union Home/Awas/Repair and Renovation

For Salaried Individuals-

Loan Amount LTV Ratio CIC Score Interest Rates (p.a.)
Male Female
Irrespective of loan amount As per quantum wise LTV norms 800 and above 7.15%
750 - 799 (-1 and 1 to 5) 7.30%
700 - 749 7.70% 7.65%
680 - 699 7.95% 7.90%
650 - 679 8.75%
600 - 649 9.25%

For Non-Salaried Individuals-

Loan Amount LTV Ratio CIC Score Interest Rate (p.a.)
Male Female
Irrespective of loan amount As per quantum wise LTV norms 800 and above 7.15%
750 - 799 (-1 and 1 to 5) 7.30%
700 - 749 7.80% 7.75%
680 - 699 8.05% 8.00%
650 - 679 8.75%
600 - 649 9.25%

Union Green Home

For Salaried Individuals-

Loan Amount LTV Ratio CIC Score Interest Rate (p.a.)
Male Female
Irrespective of loan amount As per quantum wise LTV norms 800 and above 7.15%
750 - 799 (-1 and 1 to 5) 7.30%
700 - 749 7.70% 7.65%
680 - 699 7.95% 7.90%
650 - 679 8.75%
600 - 649 9.25%

For Non-Salaried Individuals-

Loan Amount LTV Ratio CIC Score Interest Rate (p.a.)
Male Female
Irrespective of loan amount As per quantum wise LTV norms 800 and above 7.15%
750 - 799 (-1 and 1 to 5) 7.30%
700 - 749 7.80% 7.75%
680 - 699 8.05% 8.00%
650 - 679 8.75%
600 - 649 9.25%

Note - Additional 10 bps lower rate of interest shall be allowed from the date of receipt of required Green- house/ project certificate at Bank/Branch

Union Home Smart Save

For Salaried Individuals-

Loan Amount LTV Ratio CIC Score Interest Rate (p.a.)
Male Female
Irrespective of loan amount As per quantum wise LTV norms 800 and above 7.40%
750 - 799 (-1 and 1 to 5) 7.55%
700 - 749 7.95% 7.90%
680 - 699 8.20% 8.15%
650 - 679 9.00%
600 - 649 9.50%

For Non-Salaried Individuals-

Loan Amount LTV Ratio CIC Score Interest Rate (p.a.)
Male Female
Irrespective of loan amount As per quantum wise LTV norms 800 and above 7.40%
750 - 799 (-1 and 1 to 5) 7.55%
700 - 749 8.05% 8.00%
680 - 699 8.30% 8.25%
650 - 679 9.00%
600 - 649 9.50%

Union Bank Home Loan Fixed Rates (for up to 5 years)

Loan Amount Interest Rates ( p.a.)
Up to Rs 30 lakh 11.40%
Rs 30 lakh – Rs 50 lakh 12.40%
Rs 50 lakh – Rs 2 crore 12.65%

Home Loan for EWS/LIG/MIG

CIBIL Score Interest Rates (p.a.)
800 and above 8.25%
750 - 799 8.50%
700 - 749 8.75%
650 - 699 and -1 and 1 to 5 9.00%
Below 650 9.25%

Swipe to see more table data

Types of Union Bank Home Loan Interest Rates

Union Bank of India offers home loans at fixed as well as floating interest rates:

  • Floating Rates- Floating rates are variable and change with the change in repo rate set by the RBI. Floating rates are usually lower than fixed interest rates.
  • Fixed Rates- Fixed interest rates are MCLR linked and remain constant throughout the loan tenure. Union Bank offers home loan interest rates starting from 11.40% p.a. onwards.

Union Bank Home Loan Interest Rates vs Other Lenders

Name of Lender Interest Rates
Axis Bank 8.35% p.a.
Bajaj Housing Finance 7.15% p.a.
Bank of India 7.10% p.a.
Canara Bank 7.15% p.a.
Easy Home Finance 8.99% p.a.
Federal Bank 8.75% p.a.
Godrej Housing Finance 7.75% p.a.
HDFC Bank 7.20%* p.a.
HDFC Sales Pvt. Ltd. 7.20%* p.a.
Home First Finance 8.00% p.a.
ICICI Bank 7.65% p.a.
IDBI Bank 7.35% p.a.
IDFC FIRST Bank 8.85% p.a.
India Shelter Home Loan 8.43% p.a.
Jio Housing Finance 8.20% p.a.
L&T Finance Limited 7.65%* p.a.
Piramal Capital Housing Finance 9.99% p.a.
PNB Housing Finance 7.70%* p.a.
Punjab & Sind Bank 7.30% p.a.
Punjab National Bank 7.20% p.a.
RBL Bank 8.20% p.a.
Sammaan Capital (Formerly known as Indiabulls Housing Finance) 8.75% p.a.
Shubham Housing Finance 10.45% p.a.
State Bank of India 7.25% p.a.
Tata Capital Housing Finance 7.75% p.a.

*when applied through Paisabazaar

Last Updated on 15th January 2026

Union Bank Home Loan EMI Examples

Union Bank of India Home Loan EMI for different tenure

Interest Rate (p.a.) Loan Amount (Rs.) Loan Tenure (years) EMI (Rs.)
7.15% 10 lakh 5 19,872
7.15% 10 lakh 10 11,688
7.15% 10 lakh 15 9,072
7.15% 10 lakh 20 7,843
7.15% 10 lakh 25 7,164

Union Bank of India Home Loan EMI for different loan amounts

Interest Rate (p.a.) Loan Amount (Rs.) Loan Tenure (years) EMI (Rs.)
7.15% 2 lakh 30 1,351
7.15% 5 lakh 30 3,377
7.15% 10 lakh 30 6,754
7.15% 15 lakh 30 10,131
7.15% 20 lakh 30 13,508

Swipe to see more table data

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How Can I Apply for a Home Loan Online?

Get up to ₹5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

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FAQs

Union Bank of India offers home loan starting from 7.15% p.a. onwards depending on the credit profile of the applicants.

Applicants having a credit score of 800 and above usually have higher chances of availing lowest home loan interest rates from Union Bank of India.

Yes, Union Bank of India offers an interest rate concession of 0.05% to its women borrowers having credit scores between 680 to 749.

Yes, Union Bank of India offers preferential interest rates to salaried individuals having their credit score between 680 to 749.

Union Bank of India changes its interest rate every time the RBI sets its repo rate.

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